Might the rising tide of debt slow to a trickle? If so, the U.S. consumer will likely find harder times ahead, if the credit spigot tightens. As reported by The Wall Street Journal on Thursday (Jan. 23), Fair Isaac Corp., which creates and maintains FICO...
As part of a broader look at environmental, social and governance factors on credit scores, Fitch Group Inc. noted that shortcomings in financial crimes and anti-money laundering (AML) controls are more likely to impact the credit rating of a bank than non-financial factors. Categories examined...
Unlimited texting? Perhaps. Nights and weekends – well, maybe not. The latest salvo of proposed rule-making that would change the debt collection landscape seeks to include means of communication that were not on offer decades ago. The Fair Debt Collection Practices Act took root more...
In an attempt to slash debt and avoid a downgrade in their credit ratings, some U.S. companies are opting for term loans. According to Reuters, long-term debt from major mergers and acquisitions (M&A), as well as slow repayment of that debt, has led to a...
November 22, 2022
The U.K.’s Financial Conduct Authority (FCA) is calling for a reformation of the way credit rating agencies (CRA) in the country operate and are governed. In a November report, the watchdog noted that the sector is “highly concentrated” and that “almost all credit information is supplied by 3 CRAs,” citing Experian, Equifax and TransUnion. It […]
May 10, 2019
As part of a broader look at environmental, social and governance factors on credit scores, Fitch Group Inc. noted that shortcomings in financial crimes and anti-money laundering (AML) controls are...
November 20, 2017
In the European Union, use of credit ratings that have their genesis outside the EU is about to get a little more stringent. Reuters reported that rating agencies operating “outside...
August 30, 2017
Quant, a FinTech that has backing from movie stars in China, has tapped JPMorgan Chase & Co. and Morgan Stanley to serve as advisors to its initial public offering in...
